Saudi Arabia has asked leading Chinese technology companies, including Alibaba, SenseTime and Pony.ai, to invest in the kingdom in exchange for large agreements, such as joint ventures. Saudi investors are also demanding stricter requirements for financing agreements, including requiring Chinese companies to share their technical expertise and intellectual property and train local talent. Previously, SenseTime won a contract to build the NEOM mega-city and Alibaba established a joint venture with Saudi Telecom Group.
Saudi Arabia intensifies its demands in technology deals with China
